Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Bitget against Variational Omni−0.120%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.120%, 7d avg −0.002%

Together, before fees+0.203%+ Points / potential airdropVariational Omni: Active · farm board+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.119% cheaper against Variational Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.0589	0.0100	pay 0.0100% / 8h	4h 49m	$4.3M	$4.3M	—
Short	Bitget UNIUSDT	9.0480	0.0100	get 0.0100% / 8h	4h 49m	$33.3M	$43.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.002%: −$11.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.86
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bitget: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 5 min ago	3.25 bp	doesn't fit	15.5 bp −$155	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.20 bp	10.9 bp −$11	20.7 bp −$207	36.8 bp −$3,681	doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0666	+0.085%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.527%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0052%	1h	9.0655	+0.073%	$581K	$193K	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0584	−0.006%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0500	−0.098%	$901K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0644	+0.061%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0628	+0.043%	$294K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0610	+0.023%	$224.4M	$628.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0570	−0.021%	$101.7M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0510	−0.087%	$55.6M	$256.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0680	+0.100%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0550	−0.043%	$22.9M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0600	+0.012%	$48.4M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0560	−0.032%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	9.0480	−0.120%	$33.3M	$43.9M	75x
BingX UNI-USDC	+0.0100%	8h	9.0600	+0.012%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0607	+0.020%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.0589	long leg	$4.3M	$4.3M	—
edgeX UNIUSDC	+0.0100%	4h	9.1122	+0.589%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.652%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0710	+0.133%	$88K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0700	+0.122%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0592	+0.003%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0600	+0.012%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0644	+0.061%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0604	+0.016%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0810	+0.244%	$715K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0630	+0.045%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0612	+0.025%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0546	−0.048%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0591	+0.002%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0145%	1h	9.0624	+0.038%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0750	+0.178%	$10.4M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0730	+0.155%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0669	+0.088%	$5.0M	$7.8M	50x	as long as short
Lighter UNI	+0.0336%	1h	9.0779	+0.210%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0462	−0.140%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0656	+0.074%	$646K	—	120x	as long as short
Hyperliquid UNI	+0.0468%	1h	9.0689	+0.110%	$98.5M	$61.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.1078%	1h	9.1080	+0.542%	$1K	$46K	10x	as long as short